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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in May 2022 ranged from $111,000 to $2,411,000 and provided assistance to businesses located in Lowell, Boston, Avon, Southbridge, Pepperell, Westborough, Lexington, Worcester, Tewksbury, MA as well as Bedford and Raymond, NH. The projects will contribute to the creation of 37 Jobs.
Loans funded in April 2022 ranged from $130,000 to $1,523,000 and provided assistance to businesses located in Boston, North Billerica, Beverly, Needham, Methuen, Salisbury, Winchester and Weymouth, MA as well as Newport, RI. The projects will contribute to the creation of 35 Jobs.
Loans funded in March 2022 ranged from $221,000 to $1,426,000 and provided assistance to businesses located in Tewksbury, Danvers, Haverhill, Yarmouth, Hudson, Brockton, and Easton, MA as well as Little Compton, RI and Kingston, NH. The projects will contribute to the creation of 42 Jobs.